The market is currently experiencing steady growth on account of the rising need for advanced security and surveillance systems around the world. Consequently, governments of numerous countries are investing in these systems to safeguard citizens from both internal and external threats, which in turn is strengthening the X-band radar market growth. Apart from this, the increasing application of X-band radar in aviation safety represents another growth-inducing factor as it helps in improving the overall safety of air transport. Furthermore, investments are being made for developing innovative weather detection radars worldwide. For instance, Vaisala Oyj, Finland-based weather, environment and industrial measurement firm, recently introduced an advanced X-band weather radar. It assists in providing hydro-electric power plants with accurate precipitation measurement and improved data for flood warnings. Owing to these factors, the market value is projected to reach US$ 6.30 Billion by 2025, expanding at a CAGR of 3.1% during the forecast period (2020-2025).
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Insights on Market Segmentation:
Market Breakup by Type:
- Non-Portable
- Portable
Market Breakup by Array:
- Active Electronically Scanned Array (AESA)
- Passive Electronically Scanned Array (PESA)
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Market Breakup by System Component:
- Communications System
- Command and Control system
Market Breakup by Application:
- Defense
- Government
- Commercial
Market Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Competitive Landscape:
The competitive landscape of the market has been examined, with some of the key players being Japan Radio Co., Ltd., Raytheon Company, Furuno Electric Co. Ltd., Northrop Grumman Corporation, Terma A/S, Saab AB, HENSOLDT UK, Israel Aerospace Industries, Selex ES and Reutech Radar (Pty) Ltd.
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